The Bank of England (BoE) has raised its benchmark interest rate from 0.1% to 0.25%, in its first rate hike since August 2018.
The UK’s consumer prices index (CPI) rose to 5.1% last month, hitting its highest level in a decade.
British Chancellor Rishi Sunak has praised the level of financial cooperation that the G7 achieved under the UK presidency, which is coming to an end this year.
New data from the UK has revealed yet more evidence that stagflationary clouds are gathering on the horizon, as both ports and small businesses struggle to recover from the COVID-19… read more →
Global fintech brand SCHUMANN has announced that it has founded a new subsidiary based in London, UK. Registered as SCHUMANN International Ltd, the new subsidiary aims to give SCHUMANN a… read more →
The UK has secured an agreement in principle with Singapore that will form the first digital trade deal signed by a European nation. Known as the Digital Economy Agreement (DEA),… read more →
A new report has found that UK exports could take until 2023 to return to pre-pandemic levels, leaving Britain playing catch-up to other G7 economies such as Germany. In its… read more →
UK Export Finance (UKEF), the export credit agency of the UK government, has signed a new Memorandum of Understanding (MoU) with General Electric, hinting at a new pipeline of green… read more →
Your Monday morning coffee briefing from TFG. Sixty-seven countries signed a landmark WTO deal set to cut the cost of global services trade by $150 billion per year.